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    4022 Shelby St Indianapolis, IN 46227

    Sponsored
    For Sale
    Contact for pricing

    Established Restaurant, 2000 sq ft, Liquor License Included

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This turnkey restaurant opportunity in Indianapolis, Indiana, presents a unique investment prospect. Located at 4022 Shelby St, this freestanding building boasts 2,000 square feet of net rentable space, situated across from the University of Indianapolis on the Southside. Built in 1960 and extensively renovated in 2018, the property includes all fixtures, furniture, and equipment (FF&E), along with a valuable liquor license. The single-story building sits on a 0.25-acre lot (APN: 49-11-36-101-001.053-501) and is zoned ZO01. Benefitting from the proximity to the University of Indianapolis, with its 5,600 students (including 1,400 graduate students) across 100+ undergraduate, 40+ master's, and five doctoral programs, this location offers significant potential for continued success. The diverse student body represents 40+ U.S. states and 55+ countries. This is a rare chance to acquire an established, fully equipped restaurant with a strong existing customer base and significant growth potential. The property is ready for immediate operation.

    Property Features for 4022 Shelby St

    General Information

    Property type
    Restaurants
    Square Feet
    2,000 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built/Renovated
    1960/2018
    Buildings
    1
    Stories
    1

    HighLights

    • Freestanding restaurant building for sale, located across from the University of Indianapolis.
    • Recently renovated in 2018.
    • Includes all furniture, fixtures, and equipment (FF&E) and liquor license.
    • High‑traffic location near University of Indianapolis with over 5,600 students.
    Property Profile Location Intelligence

    Current Use by Public Records

    Open Kitchen Restuarant American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.13939377124
    Latitude
    39.707656072792

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, 2000 sq ft, Liquor License Included
    Where is this restaurant located?
    The property is located at 4022 Shelby St Indianapolis, IN.
    What are key features of this property?
    This property features: Freestanding restaurant building for sale, located across from the University of Indianapolis.; Recently renovated in 2018.; Includes all furniture, fixtures, and equipment (FF&E) and liquor license.
    Request Owner's contact information
    4022 Shelby St Indianapolis, IN 46227
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    Indianapolis, IN 46227
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4022 Shelby St Indianapolis, IN 46227
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